XSTH.TO vs. XFR.TO
XSTH.TO (iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged)) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - XSTH.TO is a Inflation-Protected Bonds fund tracking the Morningstar Gbl Core Bd GR CAD, while XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 3 years, XSTH.TO returned 3.85%/yr vs 3.98%/yr for XFR.TO. At a correlation of -0.03, they often move in opposite directions. XSTH.TO charges 0.16%/yr vs 0.14%/yr for XFR.TO.
Performance
XSTH.TO vs. XFR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSTH.TO achieves a 1.24% return, which is significantly higher than XFR.TO's 1.00% return.
XSTH.TO
- 1D
- -0.03%
- 1M
- -0.13%
- YTD
- 1.24%
- 6M
- 1.11%
- 1Y
- 2.77%
- 3Y*
- 3.85%
- 5Y*
- —
- 10Y*
- —
XFR.TO
- 1D
- -0.05%
- 1M
- 0.21%
- YTD
- 1.00%
- 6M
- 1.33%
- 1Y
- 2.96%
- 3Y*
- 3.98%
- 5Y*
- 3.20%
- 10Y*
- 2.24%
XSTH.TO vs. XFR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 1.24% | 4.20% | 3.68% | 3.90% | -3.36% | 1.76% |
XFR.TO iShares Floating Rate Index ETF | 1.00% | 3.33% | 4.57% | 5.29% | 1.82% | 0.04% |
Correlation
The correlation between XSTH.TO and XFR.TO is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | -0.03 |
The correlation between XSTH.TO and XFR.TO shifts across timeframes, from -0.17 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XSTH.TO vs. XFR.TO — Risk / Return Rank
XSTH.TO
XFR.TO
XSTH.TO vs. XFR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO) and iShares Floating Rate Index ETF (XFR.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XSTH.TO | XFR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -5.06 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.96 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 29.79 | -27.93 |
| Martin ratioReturn relative to average drawdown | 7.42 | 88.61 | -81.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XSTH.TO | XFR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 4.12 | -2.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 3.92 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.19 | -0.55 |
Drawdowns
XSTH.TO vs. XFR.TO - Drawdown Comparison
The maximum XSTH.TO drawdown since its inception was -5.98%, which is greater than XFR.TO's maximum drawdown of -4.12%. Use the drawdown chart below to compare losses from any high point for XSTH.TO and XFR.TO.
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Drawdown Indicators
| XSTH.TO | XFR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.98% | -4.12% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.49% | -0.10% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -1.49% | -0.30% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.30% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.12% | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.05% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -1.56% | -0.06% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.03% | +0.34% |
Volatility
XSTH.TO vs. XFR.TO - Volatility Comparison
iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) (XSTH.TO) has a higher volatility of 0.43% compared to iShares Floating Rate Index ETF (XFR.TO) at 0.18%. This indicates that XSTH.TO's price experiences larger fluctuations and is considered to be riskier than XFR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSTH.TO | XFR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 0.18% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 0.48% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 0.72% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.64% | 0.82% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.64% | 1.85% | +1.79% |
XSTH.TO vs. XFR.TO - Expense Ratio Comparison
XSTH.TO has a 0.16% expense ratio, which is higher than XFR.TO's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XSTH.TO vs. XFR.TO - Dividend Comparison
XSTH.TO's dividend yield for the trailing twelve months is around 3.55%, more than XFR.TO's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 2.77% | 3.23% | 4.93% | 4.91% | 1.85% | 0.30% | 1.07% | 1.96% | 1.60% | 0.95% | 0.77% | 0.94% |
XSTH.TO iShares 0-5 Year TIPS Bond Index ETF (CAD-Hedged) | 3.55% | 3.94% | 2.53% | 3.15% | 6.07% | 2.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSTH.TO and XFR.TO have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.16% for XSTH.TO.
XSTH.TO is categorized as Inflation-Protected Bonds, while XFR.TO is Canadian Government Bonds. XSTH.TO tracks Morningstar Gbl Core Bd GR CAD, while XFR.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.16% for XSTH.TO and 0.14% for XFR.TO.
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